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When the U.S. House of Representatives recently passed, by 7 votes, the Waxman-Markey climate-change bill, the cream of the American media punditariat weighed in with their opinions. And when it comes to that 'cream', none is any thicker than New York Times columnist Paul Krugman.
His take on the narrow 219 to 212 vote ... uh ... victory, was to smear the 212 legislators who voted against, charging the naysayers had committed -- wait for it -- "a form of treason -- treason -- against the planet"
Reading Krugman's rant, it hit me -- folks like him have become the Joe McCarthys of modern American liberalism... [way late to the party, but better than never I guess -- snip]
But what came out of the House is a cap-and-trade stock market in which the government will give up to 85% of the carbon credits (i.e. the stock) to industry for free -- corporations that no doubt help finance the campaigns of many of Krugman's 219 ... uh ... saints, who voted for the bill.
Carbon credit giveaways not only undermine cap-and-trade's effectiveness, they help ensure the biggest costs will be borne by American consumers... [snip]
At the same time, cap-and-trade in combination with other so-called "green" initiatives (cap-and-trade is only the start) consigned millions of people into "fuel poverty" -- when high energy costs erode living standards.
Finally, the bill's supporters haven't explained how they're going to address the fraud and corruption that even environmentalists complain infects the global market in carbon credits and offsets.
Perhaps Krugman will address this some day -- when he isn't exposing commies ... I mean deniers...
[This scam has never been about climate - and we'll all pay dearly for not recognizing that and forcing our so-called representatives to reject it.]
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